Caledonia’s net asset value per share total return was 18.0% for the year ended 31 March 2017, following 2.6% for the previous year. All four of its investment pools produced double digit returns. Investment income for the year was GBP47.3m, a fall of GBP3.4m compared with the unusually high level of the previous year. Additionally, following […]
As TR Property announces its full year results for the year ended 31 March 2017, Hugh Seaborn, its chairman, commented: “I’m pleased to report another solid year of performance from the Trust. The Board are particularly pleased to announce a final dividend of 6.4p which brings the full year dividend to 10.5p, a 25.7% increase on […]
River & Mercantile Micro Cap is handing back cash as assets hit £117m. On 16 January 2017, the Board reminded shareholders that, were the company’s net asset value to grow in excess of GBP100m, the directors intended to operate a redemption mechanism under which a portion of share capital may be redeemed compulsorily so as […]
Alpha Real gets planning for its Monk Bridge site in Leeds. Planning has been obtained at the monthly planning committee for Leeds City Council in respect of the Company’s Private Rented Sector (“PRS”) development site at Monk Bridge in central Leeds. Detailed planning was obtained for 307 PRS flats in three buildings over 180,049 square feet […]
HICL Infrastructure forecasts dividends out to 2019 as it announces results for the year ended 31 March 2017. Highlights for the year ended 31 March 2017 Portfolio performance exceeded expectations during the year NAV per share as at 31 March 2017 of 149.0p, up 4.8% from 142.2p as at 31 March 2016 Total shareholder return […]
Great Portland Estates results for the year to 31 March 2017 have been released and, while NAV fell, earnings were up. The chief executive acknowledges the short-term challenges facing the capital but says that, in the long-term, London is one of only a handful of truly global cities. Valuation lower – driven by yield expansion in […]
Apax Global Alpha, a fund in the AIC’s private equity sector, has made a number of announcements this morning. Apax Global Alpha commits to Digital Fund It is committing US$50m to a new fund, Apax Digital Fund. The Apax Digital platform will aim to pursue a balanced portfolio of growth buyout and growth equity investments in technology companies globally. […]
Epiris has announced that Electra has sold Pine Unit Trust as part of a wider transaction that saw Epiris raise £95m. PINE Unit Trust is a freehold investment property portfolio focused on the UK education sector. Epiris has sold this to the Universities Superannuation Scheme for GBP95 million. Electra Private Equity has received proceeds of GBP50 million […]
Schroder European Real Estate, which sits in the AIC’s European property sector, announced its interim results this morning and, yesterday, it announced that it had bought a shopping centre. Schroder European Real Estate buys Seville shopping centre Schroder European Real Estate Investment Trust (SERE) has completed the purchase of the Metromar shopping centre in Seville, Southern […]
MedicX Fund, has announced its fourth acquisition in Ireland having contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Tallaght, Dublin 24. This is the second scheme being developed under the Framework Agreement with Feasible Developments and the property is due to be completed in December 2017. Upon completion, the […]
